VerifiedX Launches $15 Million Financing Round

VerifiedX (verifiedx.io), the programmable financial operating system for Bitcoin and intelligent assets, today announced that its Foundation has launched a $15 million financing round and the first institutional investors have already invested. Initial capital will fund VerifiedX’s institutional Bitcoin distribution.

Cantor Fitzgerald is serving as VerifiedX’s investment banking partner in connection with the financing. The Foundation is not yet disclosing the identities or terms of the initial investors.

Part of the capital is allocated to expand custody relationships with partners including BitGo, the digital-asset custodian listed on the New York Stock Exchange, which will hold vBTC (VerifiedX’s Bitcoin-collateralized token) and vBTC.b (its counterpart on Base, Coinbase’s Ethereum layer-2 network). BitGo is a qualified custodian, meaning U.S. custody rules allow registered investment advisers to hold client assets there.

The capital also funds listings. Tier-one centralized exchanges will be listing vBTC and VFX, VerifiedX’s native token, with a first announcement expected within weeks. The round also supports borrow-and-lend programs: facilities that let a holder borrow against Bitcoin, or lend it out for a return, without sacrificing ownership or locking redemption rights.

“Nearly every way to put Bitcoin to work on-chain today asks the holder to swap it for someone else’s IOU. It’s the reason less than 1% of all Bitcoin held by institutions is earning any yield. vBTC is a game-changer in that regard, and this round funds the custody, exchange and lending rails that will allow institutions to use vBTC and natively turn their Bitcoin into productive financial capital,” said Brian May, a member of the VerifiedX Foundation.

With a wrapped Bitcoin token, the industry’s usual route, the holder hands Bitcoin to a custodian, or to a small group of signers acting together, and receives an off-chain representation on another network. The stand-in is only as good as whoever holds the Bitcoin behind it.

vBTC is built the other way around. When a holder creates a vBTC token, the VerifiedX network generates a unique native Bitcoin address inside each token and the holder deposits Bitcoin to their own self-custodial deposit address. The Bitcoin stays in that address, visible on Bitcoin’s own ledger and never leaves the Bitcoin ecosystem. Deposits and withdrawals are authorized by threshold signatures spread across VerifiedX’s validators, so no single party holds the key, and a holder that would rather not rely on the network’s validators can run its own and restrict signing to their own validators exclusively. The holder can redeem to native Bitcoin at any time. A holder can use vBTC for payments, trading, as collateral, in lending or in treasury. vBTC.b puts the same design on Base, so the asset can be used in applications there non-synthetically.

About VerifiedX

VerifiedX is a financial operating system for Bitcoin, intelligent, and alternative assets, enabling self-custodial ownership, instant settlement, programmable finance, native Bitcoin utility, and agentic financial infrastructure. Through products including vBTC, BFLY, and PulseXAI, VerifiedX connects institutions, users, and autonomous systems through a unified blockchain ecosystem framework.

Its ecosystem includes: